RLDA opens RFQ bids for redeveloping New Delhi Railway station

New Delhi, Feb 3 : The Rail Land Development Authority (RLDA) has opened request for qualification (RFQ) bids for redevelopment of New Delhi Railway Station in which nine international and national companies have participated, officials said on Wednesday.
According to the officials, the RLDA has received overwhelming response from national and international players as nine leading companies — Arabian Construction Company, Adani Railways Transport Ltd, BIF IV India Infrastructure Holding (DIFC) Pvt Ltd, ISQ Asia Infrastructure Investments Pte Ltd, Anchorage Infrastructure Investments Holdings Ltd, Kalpataru Power Transmission Ltd, GMR Highways Ltd, Omaxe Limited and Elpis Ventures Pvt Ltd — participated in the RFQ.
The official said that these companies will now undergo technical evaluation.
In the next stage, the RLDA will float the Request for Proposal (RFP) for selected participants who qualify in the technical process.
The development follows the pre-bid meetings and virtual roadshows that apprised the stakeholders of various developments and elicited feedback on the project.
The New Delhi Railway Station Redevelopment is a flagship project of the RLDA, and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. It will incur capital expenditure at around $680 million and will be developed on a DBFOT model. The project offers multiple revenue streams to the developer, including from real estate rights and is slated to be completed in around four years. The concession period is for 60 years.